Mr. Michael Curtis reports
UPDATE ON QUINTO'S ANNUAL AND SPECIAL SHAREHOLDERS MEETING
At Quinto Real Capital Corp.'s annual and special shareholders meeting held last Sept. 25, shareholders voted at the majority in favour of all the resolutions set out in the management proxy circular, including re-election of members of the company's board of directors, consisting of Marcel Bergeron, Michael Curtis, Philippe Frere and Andre Goguen. The shareholders have also voted at the majority in favour of the appointment of the auditor Petrie Raymond LLP.
The company also confirms the renewal of its rolling stock option plan by its shareholders at the last annual and special shareholders meeting held last Sept. 25. Pursuant to the plan, the company may grant options to directors, officers, employees of and consultants to the company, provided that the total number of common shares of the company issued under the plan shall not exceed 10 per cent of the number of common shares outstanding at the time of the grant of option. The exercise price cannot be lower than the closing market price of the company's common shares on the last trading day prior to the issuance of options, less any discount allowed, and subject to a minimal price of five cents. Stock options under the plan are exercisable for a period no longer than 10 years, and the exercise price must be paid in full upon exercise of the option.
We seek Safe Harbor.
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